S-P Revises Cat Criteria

Standard & Poor's said it is revising its rating criteria for property-casualty reinsurers to more consistently reflect their catastrophic modeling methods

S&P director Damien Magarelli said that the revised rating criteria acknowledge that the most effective source of p-c catastrophic modeling is data provided by the reinsurers themselves. "Therefore, the approach we are going to adopt is to use a reinsurer's own modeled output, and verify consistency by obtaining additional relevant data," he said.

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